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Nastech gets $4mm in private placement

Executive Summary

Nastech Pharmaceutical (nasally delivered drugs) netted approximately $4mm from its private placement of 860k shares of common stock to selected accredited investors including SAFECO Growth Opportunities Fund and an asset management division of a money center bank. Investors were also issued warrants to purchase an additional 420k common shares, exercisable at $6.34 each for five years.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
    • Drug Delivery
      • Nasal
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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